what percentage of taxes do people who live with socialism have to pay?

Question

Its for my project due tomorrow and i need an answer pronto because i cant find the  answer anywhere online and i also need to know what are other cons for socialism 

Answer 1

Different countries will have different tax rates. There is no single "standard" tax rate for socialism. Each country that uses a socialist system sets their own tax rates. Like within the US, there may be different tax rates for healthcare, import/export, sales, payroll, etc. For example, food tax where I live is 4.5%. Payroll tax is 33%. Self-employed income tax is 15%.

You can find this information by searching the internet using search terms like, "Canada tax rate" or "Canada income tax rate." Australia, the UK, Norway, Sweden, Finland and most industrialized nations other than the U.S. have socialized healthcare.

Answer 2

Socialism demands a higher tax rate to provide socialist programs. The government holds the pursestrings to the detriment of free enterprise and capitalism, which encourage innovation, ambition and entrepreneurship, giving individuals the opportunity to make unlimited wealth. The irony here is that the lower the taxes, the more bustling the economy and the greater the government revenue!

Answer 3

Most developed countries have a graduated income tax. Poor people pay very little or nothing, while wealthy pay a higher percentage of their incomes. Check for countries that self-identify as socialist; then search for each country's tax rate.

Note that in socialist country's the government provides many services to its citizens such as medical care, child care, maternity care, as well as education and infrastructure allowing people to enjoy a higher living standard than their income would indicate.